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Sales March 11, 2021

Hackney Property Market - A 2021 Snapshot

As we move into 2021, it is a perfect opportunity for people to familiarise themselves with the local housing market. The market ended 2020 on a high, and here in Hackney, we have seen a lot of activity.

At Sovereign House, we have been busy with buyers and vendors. We are pleased to say we have helped many people move, and we are here if you are keen to move in 2021.

We are committed to staying in touch with the latest property market news, and we listen to what the leading property portals say about the local and national markets. If you are keen to make an informed decision regarding the housing market, please rely on us.

As of the end of December 2020, Rightmove said the following regarding the Hackney housing market.

Properties in Hackney had an overall average price of £232,435 over the last year. The majority of sales in Hackney during the last year were semi-detached properties, selling for an average price of £222,550. Detached properties sold for an average of £314,138, with terraced properties fetching £184,853.

Overall, sold prices in Hackney over the last year were 2% down on the previous year and 1% up on the 2017 peak of £229,757.”

At the end of December 2020, Rightmove had a total of 1,105 properties listed for sale in Hackney.

Of the 1,105 listed properties in Hackney, only eight are listed as detached properties, while 22 are classed as semi-detached property.


Flats are the most common property for sale in Hackney

There is a significant increase on this when it comes to terraced properties, with 124 terraced properties listed for sale in and around Hackney according to Rightmove near the end of December.

There are 926 flats listed for sale in the local area, making flats the most commonly listed property type.


Garden space and parking spots are in high demand

The most popular search term used by property buyers in 2020, according to Zoopla, was gardens. Parking was also another common search term, with garage space rounding out the top three terms.

If you are looking for these features in a property, you will be pleased to know they are available in abundance in and around Hackney.

Of the 1,105 listed properties in Hackney, 465 have been listed has having a garden. 

If you are looking for property with a dedicated parking space, there are 214 listings with parking for property in Hackney.

A total of 91 properties for sale in Hackney are listed as offering a garden and parking space.

These are challenging times in the property market, but there is activity and demand for homes. At Sovereign House, we are keen to help you with whatever you need in the Hackney housing market. Why not call us on 020 8985 5800 or visit us at 213 Victoria Park Road, we look forward to assisting you with your property needs.

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